The Stock Of The Week: Perrigo Company plc (PRGO)

At the last check on Thursday, Perrigo Company plc’s (NYSE:PRGO) stock was up $0.86, moving up 2.17 percent to $40.54. The average number of shares traded per day over the past five days has been 1,570,742 shares. 4 times new highs have been achieved over the past 5 days, with a $2.76 gain in that time frame. In the last twenty days, the average volume was 1,228,651, while in the previous 50 days, it was 1,516,884.

Since last month, PRGO stock rose 4.04%. Shares of the company fell to $36.11 on 06/14/22, the lowest level in the past month. A 52-week high of $50.90 was reached on 01/11/22 after having rallying from a 52-week low of $31.32. Since the beginning of this year, PRGO’s stock price has risen by 2.01% or $1.45, and marked a new high 5 times. However, the stock has declined by -20.35% since its 52-week high.

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Perrigo Company plc (PRGO) last reported insider trading activity 101 days ago on Mar 14. Farrington Thomas, the EVP and CIO of the company, disposed of 2,259 shares for $37.23 on Mar 14. It resulted in a $84,103 divestment by the insider. Farrington Thomas sold 24,485 shares at an average price of $37.13 on Mar 14. The insider now owns 0 shares following the transaction. On Mar 07, EVP, Gbl Ops & SC & CTO Janish Ronald Craig sold 3,954 shares at $36.73 apiece. The transaction was valued at $145,232.

Valuation Metrics

The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 1.22, the price-to-book (PB) ratio of 1.04, and the price-to-cash flow ratio of 87.71 may also be considered.

The latest dividend of $0.26 per share was paid out, remained unchanged from last year’s $0.26. On Wednesday February 16 2022, a $0.02 dividend increase was announced.

Financial Health

In the three months ended September 29, Perrigo Company plc’s quick ratio stood at 3.00, while its current ratio was 4.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.69, and the total debt-to-equity ratio was 0.69. On the profitability front, the trailing twelve-month gross margin is 33.00% percent. In the year ended September 29, operating margins totaled 9.10%. Based on annual data, PRGO earned $1.42 billion in gross profit and brought in $4.14 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.20%. Return on equity (ROE) for the past 12 months was -2.10%.

In Perrigo Company plc’s quarter-end financial report for September 29, it reported total debt of $3.51 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PRGO’s revenue rose 6.0% to $1.1 billion during the quarter, while net income inched up to $1.07 billion. While analysts expected Perrigo Company plc to report $0.65 quarterly earnings, the actual figure was $0.45 per share, beating the consensus estimate by -30.80%. During the quarter, the company generated $91.0 million in EBITDA. The liabilities of Perrigo Company plc were 5.29 billion at the end of its most recent quarter ended September 29, and its total debt was $3.69 billion. The value of shareholders’ equity is $134.55 million.

Technical Picture

This quick technical analysis looks at Perrigo Company plc’s (PRGO) price momentum. With a historical volatility rate of 39.73%, the RSI 9-day stood at 64.71% on 22 June.

With respect to its five-day moving average, the current Perrigo Company plc price is up by +7.34% percent or $2.76. At present, PRGO shares trade +4.75% above its 20-day simple moving average and +6.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.89% above its SMA50 and -3.00% below its SMA200.

Stochastic coefficient K was 82.73% and Stochastic coefficient D was 72.98%, while ATR was 1.13. Given the Stochastic reading of 96.36% for the 14-day period, the RSI (14) reading has been calculated as 61.85%. As of today, the MACD Oscillator reading stands at 1.35, while the 14-day reading stands at 0.87.

Analyst Ratings

Raymond James upgraded its rating on Perrigo Company plc (NYSE: PRGO) to an Outperform in a note to investors on October 14, 2021. The analysts firm previously had a Mkt perform rating on the stock.Perrigo Company plc (PRGO) has been rated Overweight by analysts. According to 0 brokerage firms, PRGO is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Perrigo Company plc stock as buy, with 2 recommending it as overweight.

With a median target price of $50.00, the current consensus forecast for the stock is $48.00 – $54.00. Based on these forecasts, analysts predict Perrigo Company plc (PRGO) will achieve an average price target of $50.67.


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